M
ME NEWS
17 Jun 2025, 05:34
Etsy Announces $650 Million Convertible Senior Notes Offering
Etsy has announced a proposed private offering of $650 million in convertible senior notes due 2030, targeting qualified institutional buyers. An additional $50 million may be offered if initial purchasers exercise their option within 13 days of issuance.
The notes will be unsecured and may convert into cash, common stock, or a combination at Etsy’s discretion. Final terms, including interest rate and conversion rate, will be set at pricing. The company plans to use up to $175 million from the proceeds to repurchase shares and the remainder for general corporate purposes, which may include debt repayment.
These securities are not registered under the Securities Act and cannot be sold in the U.S. without proper exemptions.
Etsy has announced a proposed private offering of $650 million in convertible senior notes due 2030, targeting qualified institutional buyers. An additional $50 million may be offered if initial purchasers exercise their option within 13 days of issuance.
The notes will be unsecured and may convert into cash, common stock, or a combination at Etsy’s discretion. Final terms, including interest rate and conversion rate, will be set at pricing. The company plans to use up to $175 million from the proceeds to repurchase shares and the remainder for general corporate purposes, which may include debt repayment.
These securities are not registered under the Securities Act and cannot be sold in the U.S. without proper exemptions.
